CIS Fundamentals vs Financial Modeling Prep (FMP): Which API is Better for Russian and CIS Market Data?

When it comes to automating investment research, APIs like Financial Modeling Prep (FMP) have become a go-to solution for many developers and analysts. They offer clean, well-documented access to global stock data — especially for U.S. and European markets.

But what if your focus is the Russian market, or even broader — the CIS region? In that case, FMP might not be enough.

This is where CIS Fundamentals steps in. Below we compare both APIs and show why combining or choosing the right provider depends on your regional needs.

1. Market Coverage: Russia and CIS

FMP provides reliable data on major international markets, but its support for Russian exchanges like MOEX or regional ones like KASE is extremely limited. You’ll find incomplete listings or missing key information — especially for less liquid or non-index stocks.

CIS Fundamentals is focused entirely on the CIS region, with deep coverage of:

• Public companies on MOEX and KASE
• Some OTC-listed Russian firms
• Historical and real-time dividend events
• Ownership and insider data sourced from official disclosures

2. Fundamentals: Local Nuance Matters

FMP’s financials are normalized across countries, which is great for global models — but it often strips away local specifics. For example, operational KPIs or segmental breakdowns common in Russian reports are not always retained.

CIS Fundamentals preserves and standardizes both raw and computed indicators, including:

• Local GAAP and IFRS reports
• Ratios like EV/EBITDA, ROE, Net Margin
• Operational metrics (e.g., gold mined, wells drilled)

This makes it easier to build region-aware dashboards or valuation models without manual patching.

3. Dividend Events: Getting the Right Dates

Western APIs typically focus on ex-dividend date as the key moment in dividend tracking. But in Russian markets, the more practical reference is the last_buy_date — the deadline for being eligible to receive a dividend.

CIS Fundamentals offers:

• last_buy_date (primary reference)
• ex_date (auto-derived)
• record_date, currency, source_link

If your strategy depends on dividend timing or alerts — this precision matters.

4. Insider Transactions: A Hidden Edge

Insider transactions are a valuable signal — but hard to come by in Russia unless you monitor disclosure portals manually.

CIS Fundamentals simplifies this with a dedicated endpoint that includes:

• Transaction type (buy/sell/option)
• Insider name, role, company
• Date, volume, price
• Link to source disclosure

This data is not available via FMP, and can be especially useful for alpha strategies or forensic analysis.

5. Licensing and Use Cases

FMP’s public pricing tiers are great for personal projects, but commercial use often requires a custom enterprise license. It’s a solid fit for global hedge funds or fintechs focused on U.S./global markets.

CIS Fundamentals is more focused:

• Regional specialists
• Portfolio managers analyzing MOEX/KASE
• Data scientists building research tools for CIS equities
• Compliance teams monitoring ownership or insider activity

Licensing is straightforward — just get in touch and tell us about your use case.

Conclusion: Global Scope vs Regional Depth

FMP is excellent for global, especially U.S.-focused research. But if your focus includes Russia, Kazakhstan, or CIS data — it simply doesn’t go deep enough.

CIS Fundamentals was built to fill this gap.
We complement global APIs — not compete with them — by offering the depth and nuance needed for accurate CIS market analysis.

Want to explore how CIS Fundamentals can power your analysis?
👉 Request your free trial or contact us — we’ll get back within one business day.